Economy Oct 23 Chevron buys Hess Corp. for $53 billion, the 2nd oil megadeal this month as energy prices soar By Michelle Chapman, Associated Press
World Feb 10 Russia cuts oil output in response to Western price caps Russia has announced it will cut oil production by 500,000 barrels per day next month after Western countries capped the price of its crude over its action in Ukraine. By David McHugh, Vladimir Isachenkov, Associated Press
World Jan 16 John Kerry says he backs appointment of UAE oil chief to lead COP28 climate talks U.S. climate envoy John Kerry backs the United Arab Emirates' decision to appoint the CEO of a state-run oil company to preside over the upcoming U.N. climate negotiations in Dubai, citing his work on renewable energy projects. By Jon Gambrell, Associated Press
Nation Dec 11 Keystone pipeline shuts down after oil spill in Kansas creek An oil spill in a creek in northeastern Kansas shut down a major pipeline that carries oil from Canada to the Texas Gulf Coast, briefly causing oil prices to rise Thursday. By John Hanna, Heather Hollingsworth, Josh Funk, Associated Press
Nation Dec 09 Keystone oil spill in Kansas is largest in pipeline’s history, federal data shows An oil spill in a creek in northeastern Kansas this week is the largest for an onshore crude pipeline in more than nine years and by far the biggest in the history of the Keystone pipeline, according to federal data. By John Hanna, Ryan J. Foley, Heather Hollingsworth, Associated Press
Oct 06 Watch 5:51 How the OPEC Plus production cuts will impact the economy and Russia’s war in Ukraine By Amna Nawaz Oil-producing countries including Saudi Arabia and Russia agreed to cut production by a significant 2 million barrels a day to boost prices. The move is being seen as a big setback to the Biden administration before the midterms and something… Continue watching
Feb 11 Oil from federal lands tops 1 billion barrels as Trump eases industry rules By Matthew Brown, Associated Press Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, federal officials said Tuesday, as technological advances helped drive development in new areas and the Trump administration eases rules on the industry. Continue reading
Jan 22 Trump administration approves Keystone pipeline on U.S. land By Matthew Brown, Associated Press The Trump administration has approved a right-of-way allowing the Keystone XL oil sands pipeline to be built across U.S. land. Continue reading
Oct 31 Keystone oil pipeline leaks 383,000 gallons in North Dakota By James MacPherson, Associated Press Crews on Tuesday shut down the pipeline that carries tar sands oil from Canada through seven states after the leak was discovered. Continue reading
Aug 31 Rick Perry releases 500,000 barrels of crude oil to prevent spike in gas prices By Matthew Daly, Associated Press The petroleum reserve was created in the wake of the 1970s Arab oil embargo and stores oil at four underground sites in Texas and Louisiana. Continue reading